AT&T under pressure to sell DirecTV amid heavy subscriber losses
by Meg James, Los Angeles Times
Sep 19, 2019
3 minutes
LOS ANGELES - Telecommunications giant AT&T is facing mounting pressure from an activist shareholder to pare down its operations by unloading the El Segundo-based satellite television giant DirecTV, which has been reeling from the loss of millions of subscribers.
Elliott Management Corp. of New York, which owns a $3.2 billion stake in AT&T, lobbed a missive last week that was sharply critical of AT&T management and its operations. The hedge fund rebuked the Dallas company's
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